Which of the following would shift the short-run Phillips curve?
a. an negative supply shock
b. an increase in inflationary expectations
c. a decrease in inflationary expectations
d. All of the above.
d
Economics
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If banks do not loan out all their excess reserves, then the real world multiplier is
A) not related to 1/RR. B) larger than 1/RR. C) smaller than 1/RR. D) equal to 1/RR.
Economics
State and local governments rely on ________ as their primary source of tax receipts
A) personal taxes B) contributions for social insurance C) indirect business taxes D) corporate taxes
Economics